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IMF urges El Salvador to remove Bitcoin as legal tender

Agence France-Presse
Posted at Jan 26 08:21 AM

The IMF called on El Salvador to change course and stop using Bitcoin as legal tender, citing "large risks" posed by the cryptocurrency. Read more »

Marketplace bug sees at least $1M of NFTs sold below market price

Elizabeth Howcroft, Reuters
Posted at Jan 25 08:33 AM

A bug in the largest NFT marketplace, OpenSea, allowed attackers to purchase at least $1 million worth of NFTs across multiple different wallets for significantly below market price, blockchain analytics firm Elliptic said on Monday. Read more »

Cryptocurrencies pause, other currencies wait for Fed

ABS-CBN News
Posted at Jan 24 02:41 PM

The dollar traded steady on Monday ahead of the US Federal Reserve's January policy meeting later this week, while bitcoin lay bruised near a six-month low. Read more »

Asset bubbles? Champagne outfizzes Big Tech and bitcoin in 2021

Reuters
Posted at Dec 28 09:12 AM

Online platforms that allow you to trade desirable wine, champagne and spirit vintages, much like stocks or currencies, have seen record activity and bumper price movements this year. Read more »

US to return $154 million stolen by Sony employee

Agence France-Presse
Posted at Dec 21 04:13 PM

The US Department of Justice said it has taken action to return more than $154 million allegedly stolen from a Sony employee who converted it into bitcoin. Read more »

Tesla to accept dogecoin as payment for merchandise

Nivedita Balu, Reuters
Posted at Dec 15 08:41 AM

Tesla Inc chief Elon Musk said on Tuesday the electric carmaker will accept dogecoin as payment for merchandise on a test basis, sending the meme-based cryptocurrency up over 20 percent. Read more »

BSP forms task force to probe BDO unauthorized transactions

ABS-CBN News
Updated as of Dec 14 08:44 AM

The Bangko Sentral ng Pilipinas has formed a task force to investigate fraudulent transactions that victimized account holders of BDO, an official said Tuesday. Read more »

PH's 2021 on Twitter: Hidilyn Diaz makes history as 'most engaged' tweet

ABS-CBN News
Updated as of Dec 15 11:24 AM

Tweets congratulating the country's first Olympic gold medal courtesy of weightlifting champion Hidilyn Diaz are among the most popular this year, the platform's year-end report released Thursday showed. Read more »

Bitcoin extends decline after weekend flash crash

Alun John, Tom Wilson and Gertrude Chavez-Dreyfuss, Reuters
Posted at Dec 07 08:17 AM

Bitcoin dropped by almost 5 percent on Monday as the start of the week offered little respite to the world's largest cryptocurrency after a bruising weekend when, at one point, it lost over a fifth of its value. Read more »

Tech 2022: Meatless meat, Web 3.0, Big Tech battles

Joshua Melvin with Julie Jammot in San Francisco, Agence France-Presse
Updated as of Dec 01 12:44 PM

After a year that made the terms WFH (work from home) and metaverse instantly recognizable, there are new technological trends headed this way for 2022. Read more »

Jack Dorsey chases crypto, fintech dream post Twitter

Krystal Hu and Sheila Dang, Reuters
Posted at Dec 01 08:36 AM

At a packed Miami conference in June, Jack Dorsey, mused in front of thousands of attendees about where his real passion lay: "If I weren't at Square or Twitter, I'd be working on bitcoin." Read more »

Virtual real estate plot sells for record $2.4 million

Elizabeth Howcroft, Reuters
Updated as of Nov 24 09:11 AM

A patch of virtual real estate in the online world Decentraland sold for a record $2.4 million worth of cryptocurrency, the buyer crypto investor Tokens.com and Decentraland said on Tuesday. Read more »

IMF recommends El Salvador not use bitcoin as legal tender

Reuters
Posted at Nov 23 10:12 AM

The International Monetary Fund (IMF) said El Salvador should not use bitcoin as legal tender, considering risks related to the cryptocurrency. Read more »

What we know so far about El Salvador's volcano-powered bitcoin bond

Reuters
Updated as of Nov 23 08:46 AM

El Salvador plans to build the world's first "Bitcoin City" with money from a $1 billion bitcoin-backed bond the country's President Nayib Bukele said. Read more »

Crypto market value tops $3 trillion for first time

Agence France-Presse
Posted at Nov 08 09:26 PM

The world cryptocurrency market is worth more than $3 trillion for the first time, according to calculations Monday. Read more »

Crypto addiction: A hidden epidemic?

Katy Lee and Ed Jones, Agence France-Presse
Posted at Nov 04 12:17 PM

Tweets by "people discussing deep depression, really extreme thoughts of isolation and suicide" often accompany plunges in value. Read more »

Mastercard expands cryptocurrency services

Reuters
Posted at Oct 26 02:31 PM

Mastercard Inc said on Monday it would allow partners on its network to enable their consumers to buy, sell and hold cryptocurrency using a digital wallet, as well as reward them with digital currencies under loyalty programs. Read more »

Bitcoin notches record high, day after US ETF debut

Reuters
Posted at Oct 21 09:39 AM

Bitcoin climbed to a record high on Wednesday, and the first US bitcoin futures-based exchange-traded fund (ETF) built on gains after a solid debut on Tuesday. Read more »

Bitcoin on cusp of all-time high ahead of futures ETF listing

Tom Wilson and Tom Westbrook, Reuters
Posted at Oct 19 06:24 PM

Bitcoin hit a six-month high and was within striking distance of its all-time peak on Tuesday. Read more »

Bitcoin tops $60,000 on US fund approval hopes

Joseph Sotinel, Agence France-Presse
Posted at Oct 16 07:56 AM

Bitcoin breached the $60,000 mark for the first time since April. Read more »